secwatch.observer — SEC 8-K summary
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Issuer:     STANDARD MOTOR PRODUCTS, INC. (SMP)
CIK:        0000093389
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000093389-24-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SMP Q3 net sales $399.3M (+3.3%), adj. EPS $1.28 (+15%); Nissens acquisition closing soon
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- Q3 2024 net sales $399.3M vs $386.4M a year ago; adj. diluted EPS $1.28 vs $1.11 (+15%).
- Adjusted EBITDA margin 12.2%, up 80 bps YoY; Vehicle Control sales +5.2%, Temperature Control +1.9%.
- Nissens Automotive acquisition received final regulatory approvals; expected to close in near future.
- Quarterly dividend of $0.29 per share declared, payable Dec 2, 2024 to holders of record Nov 15, 2024.
- Full-year 2024 guidance unchanged: low- to mid-single digit sales growth, Adj. EBITDA 9.0-9.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93389/000009338924000041/0000093389-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93389/000009338924000041/smp-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000093389-24-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer